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help!! Required information [Fhe following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. The
help!! Required information [Fhe following information applies to the questions displayed below.] Antuan Company set the following standard costs per unit for its product. The standard overhead rate ( $18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. The company incurred the following actual costs when it operated at 75% of capacity in October. Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Flexible Overhead Budgets } \\ \hline \multirow{2}{*}{ For Month Ended October 31} & \multirow{2}{*}{\begin{tabular}{c} Variable Amount \\ per Unit \end{tabular}} & \multirow{2}{*}{\begin{tabular}{l} Total Fixed \\ Cost \end{tabular}} & \multicolumn{3}{|c|}{ Flexible Budget at Capacity Level of } \\ \hline & & & 65% & 75% & 85% \\ \hline Production (in units) & s & & & & \\ \hline \multicolumn{6}{|l|}{ Variable overhead costs } \\ \hline \multicolumn{6}{|l|}{ Indirect materials } \\ \hline \multicolumn{6}{|l|}{ Indirect labor } \\ \hline Power & 2 & & & & \\ \hline \multicolumn{6}{|l|}{ Maintenance } \\ \hline & s. & & & & \\ \hline Total variable overhead & $0.00 & & $ & 0 & $ \\ \hline Fixed overhead costs & & & & & \\ \hline \multicolumn{6}{|l|}{ Depreciation-Building } \\ \hline \multicolumn{6}{|l|}{ Depreciation-Machinery } \\ \hline \multicolumn{6}{|l|}{ Taxes and insurance } \\ \hline \multicolumn{6}{|l|}{ Supervisory salaries } \\ \hline & & & & & \\ \hline Total fixed overhead & & 0 & $ & 0 & $ \\ \hline Total overhead costs & & & & & \\ \hline \end{tabular} Compute the direct materials variance, including its price and quantity variances. te: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. 3. Compute the direct labor variance, including its rate and efficiency variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to two decimal places
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